Overview
- IndustryServices-Computer Processing & Data Preparation2
- HeadquartersCarson City, United States2
- Incorporated inNV3
- Business address4925 Greenville Avenue, Suite 200, Dallas, Tx 752063
- Filer category, Emerging growth company3
- Legal formProfit Corporation2
- LEI549300V2767OH1DGYF662
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O Nevada Business Services, 89701 Carson City, United States2
- Registered withBusiness Center (Secretary of State), E04405420152
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2021
Where the money goes
Where each dollar of revenue went, fiscal 2021
- Selling, general and admin74¢$4.6M
- Other costs14¢$851.8K
- Interest12¢$717.8K
Out of $6.1M in revenue.4 The company lost money this year.
Financial statements
No quarterly figures reported.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Revenue | $10.4K5 | $5.2M6 | $4.2M7 | $5.9M8 | $5.9M4 | $6.1M4 | |
| Cost of revenue | $5.0K5 | $2.4M6 | $3.5M7 | $3.8M7 | |||
| Gross profit | $5.4K5 | $2.8M6 | $685.4K7 | $2.1M8 | $1.8M4 | $804.3K4 | |
| Selling, general and admin | $9.6K5 | $4.5M6 | $3.0M7 | $3.0M8 | $3.2M4 | $4.6M4 | |
| Operating expenses | $4.9M4 | ||||||
| Operating income | -$29.1K5 | -$1.7M6 | -$2.3M7 | -$899.2K8 | -$1.4M4 | -$4.1M4 | |
| Interest | $117.3K6 | -$94.8K7 | $81.1K8 | $109.8K4 | $717.8K4 | ||
| Income before tax | -$4.1M4 | ||||||
| Income tax | $08 | $04 | $04 | ||||
| Net income | -$29.1K5 | -$1.8M6 | -$2.4M7 | -$980.2K8 | -$1.5M4 | -$4.1M4 |
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Cash | $127.9K7 | $154.9K8 | $1.8M4 | $1.8M4 | $521.0K4 | ||
| Receivables | $572.0K4 | ||||||
| Current assets | $8.6K10 | $26.3K5 | $670.9K6 | $706.1K7 | $2.4M8 | $2.5M4 | $1.3M4 |
| Property, plant and equipment | $418.6K4 | ||||||
| Intangible assets | $04 | ||||||
| Total assets | $8.6K10 | $26.3K5 | $1.6M6 | $2.1M7 | $3.8M8 | $3.9M4 | $2.0M4 |
| Accounts payable | $233.2K4 | ||||||
| Short-term debt | $04 | ||||||
| Current liabilities | $9.9K5 | $1.9M6 | $1.4M7 | $2.9M8 | $2.2M4 | $2.8M4 | |
| Long-term debt | $06 | $06 | |||||
| Long-term liabilities | $873.5K4 | ||||||
| Total liabilities | $9.9K5 | $15.6K5 | |||||
| Retained earnings | -$11.2M4 | ||||||
| Shareholders’ equity | $8.6K5 | -$41.6K6 | -$646.6K7 | $591.1K8 | $464.9K4 | $89.6K4 | -$1.6M4 |
| Shares outstanding | 10.0M shares10 | 14.4M shares10 | 27.5M shares6 | 40.5M shares7 | 41.2M shares8 | 42.5M shares4 | 44.9M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$16.5K5 | -$656.9K6 | -$1.9M7 | $2.1M8 | -$1.4M4 | -$3.0M4 | |
| Depreciation and amortization | $331.7K4 | ||||||
| Stock-based compensation | $936.9K4 | ||||||
| Capital spending | $15.3K6 | -$26.4K7 | $57.0K8 | $11.1K4 | $3.9K4 | ||
| Free cash flow | -$672.1K | -$1.9M | $2.0M | -$1.5M | -$3.1M | ||
| Cash from investing | -$22.0K4 | ||||||
| Cash from financing | $1.8M4 |
What it owns
What nDivision Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.0M4 Dec 31, 2021 | $1.9M4 Dec 31, 2020 | +3.0% |
| Accumulated depreciation | $1.5M4 Dec 31, 2021 | $1.4M4 Dec 31, 2020 | +13.1% |
| Property and equipment, net | $418.6K4 Dec 31, 2021 | $540.9K4 Dec 31, 2020 | −22.6% |
| Finance-lease assets | $337.2K4 Dec 31, 2021 | $441.9K4 Dec 31, 2020 | −23.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $521.0K4 Dec 31, 2021 | $1.8M4 Dec 31, 2020 | −71.2% |
Intangibles and goodwill
Leadership
Who has led nDivision Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerAlan Hixon Feb 15, 2018 to Feb 15, 201811
- Chief financial officerJohn Tittle Jr. May 9, 2022 to May 9, 202212
- Chief financial officerAlan Hixon Feb 15, 2018 to Feb 15, 201811
- Chief financial officerAndrew James Norstrud Mar 28, 2018 to Dec 28, 202113
Board members and other officers (15)
- Chief Revenue OfficerRodney Lane Sorgen Sep 22, 2020 to Sep 22, 202014
- Chief Administrative OfficerBradley D. Wiggins Feb 15, 2018 to Feb 15, 201815
- Chief Technology OfficerJustin Roby Feb 15, 2018 to Feb 15, 201816
- Chief Commercial OfficerMichael Beavers Feb 15, 2018 to Jun 11, 202117
- Board memberSusan K. Conner Jul 22, 2021 to Jul 22, 202118
- Board memberKelly Vann Hopping Aug 26, 2021 to Aug 26, 202119
- Board memberLisa McLin Aug 26, 2021 to Aug 26, 202120
- Board memberAndrew James Norstrud Apr 9, 2019 to Dec 28, 202121
- Board memberAlan Hixon Feb 15, 2018 to Feb 15, 201811
- Board memberBradley D. Wiggins Feb 15, 2018 to Feb 15, 201815
- Board memberDennis Jay Cagan Feb 15, 2018 to Feb 15, 201822
- Board memberH. William Gordon Feb 15, 2018 to Feb 15, 201823
- Board memberJustin Roby Feb 15, 2018 to Feb 15, 201816
- Board memberMichael Beavers Feb 15, 2018 to Jun 11, 202117
- Board memberSean McIlrath Feb 15, 2018 to Feb 15, 201824
Former names
- GO2GREEN LANDSCAPING, INC.Nov 24, 2015 to Apr 12, 20183
Timeline
- Jun 17, 20228-K Bankruptcy or receivership25
- May 10, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares26
- May 3, 20228-K Executive or director change27
- Mar 3, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares28
- Dec 27, 20218-K Entered a material agreement; New debt or obligation; Unregistered sale of shares29
- Dec 9, 20218-K Executive or director change30
- Oct 26, 20218-K Executive or director change31
- Oct 14, 20218-K Shareholder vote32
- Oct 4, 20218-K Executive or director change33
- Feb 15, 2018New chief executive Alan Hixon becomes CEO11
Filings
18 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 9 major events, 3 insider forms, 3 other. The latest 18:
- Oct 8, 2024REVOKED EDGAR
- Jun 17, 20228-K EDGAR
- May 16, 202210-Q EDGAR
- May 10, 20228-K EDGAR
- May 9, 20223 PRIMARY DOCUMENT EDGAR
- May 3, 20228-K EDGAR
- Apr 14, 202210-K EDGAR
- Mar 31, 2022NT 10-K EDGAR
- Mar 3, 20228-K EDGAR
- Dec 28, 20214 EDGAR
- Dec 27, 20218-K EDGAR
- Dec 9, 20218-K EDGAR
- Nov 15, 202110-Q EDGAR
- Oct 26, 20213 PRIMARY DOCUMENT EDGAR
- Oct 26, 20218-K EDGAR
- Oct 14, 20218-K EDGAR
- Oct 7, 2021DEFA14A EDGAR
- Oct 4, 20218-K EDGAR
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How nDivision Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARnDivision Inc.1
- CIK0001659183
- Employer ID (EIN)47-51339661
- Filer status<br>emerging growth company1
- Incorporated inNevada1
- Fiscal year endsDecember 311
- Industry code (SIC)7374 Services-Computer Processing & Data Preparation1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address4925 Greenville Avenue, Suite 200, Dallas, TX 752061
- Phone214-785-63551
- Shares outstanding47,586,537 as of May 13, 20229
- Public float$12.7M as of Jun 30, 20214
- On EDGAR sinceNov 24, 20151
- Filings125 in all: 8-K (45), 10-Q (17), 3 (17), 10-K (6), 4 (4), D (4), SC 13D/A (4), CORRESP (3)1
All 26 form types
DEF 14A (3), 8-K/A (2), D/A (2), EFFECT (2), S-1 (2), S-1/A (2), 10-K/A (1), 424B3 (1), 424B4 (1), 8-A12G (1), DEFA14A (1), NT 10-K (1), NT 10-Q (1), PRE 14A (1), REVOKED (1), S-8 (1), SC 13D (1), UPLOAD (1)
- Latest filingsAnnual report (10-K) Apr 14, 2022
Quarterly report (10-Q) May 16, 2022
Proxy statement (DEF 14A) Sep 1, 2021
Latest 8-K (8-K) Jun 17, 2022
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARnDivision Inc. filings on SEC EDGAR
- 2
- 3SEC EDGARnDivision Inc. filings on SEC EDGAR
- 4SEC EDGARnDivision Inc. 10-K for fiscal 2021
- 5SEC EDGARnDivision Inc. 10-K for fiscal 2016
- 6SEC EDGARnDivision Inc. 10-K for fiscal 2017
- 7SEC EDGARnDivision Inc. 10-K for fiscal 2018
- 8SEC EDGARnDivision Inc. 10-K for fiscal 2019
- 9SEC EDGARnDivision Inc. 10-Q for fiscal 2022
- 10SEC EDGARnDivision Inc. 10-K for fiscal 2015
- 11SEC EDGARAlan Hixon, Chief executive officer
- 12
- 13
- 14
- 15
- 16
- 17
- 18SEC EDGARSusan K. Conner, Board member
- 19SEC EDGARKelly Vann Hopping, Board member
- 20SEC EDGARLisa McLin, Board member
- 21SEC EDGARAndrew James Norstrud, Board member
- 22SEC EDGARDennis Jay Cagan, Board member
- 23SEC EDGARH. William Gordon, Board member
- 24SEC EDGARSean McIlrath, Board member
- 25SEC EDGARBankruptcy or receivership
- 26
- 27SEC EDGARExecutive or director change
- 28
- 29
- 30SEC EDGARExecutive or director change
- 31SEC EDGARExecutive or director change
- 32SEC EDGARShareholder vote
- 33SEC EDGARExecutive or director change